An option to withdrawal money from an account is through the process of annuitizing an account. Within the Structured Income Planning page, you can create your own annuitization plan for the accounts. Below are the step-by-step instructions on how to annuitize an account.
Step 1: Edit: Click on the green Edit button underneath the Structured Income Planning sub-heading.
Step 2: Manage: Click on the green Manage button that is located in the Income column for whichever account you would like to annuitize money from.
Step 3: Liquidate or annuitize: Click on the Annuitize (for years certain) radio button.
Step 4: Annuitize Text Box: The percentage amount default number is set to 1.0%. If you would like to change the number, highlight the 1.0 and enter in a whole number you would like the percentage to be at.
Option A: Pick Years:
Step 5: Income Data: In the Income Data box click on the numerical year(s) that you would like to annuitize.
Step 6: Pick Years: Click on the green Pick Years button.
Step 7: Clicking: The phrase annuit will move into the Income Column and numeric percentage number will be moved into the Variable column of the Income Data table for the years that were selected.
Step 8: Save: Once done click on the green Save button underneath the Manage Account subheading.
Step 9: Structured Income Planning Page: After clicking save the screen should take you back to the Structured Income Planning page.
Option B: Start Years for the Rest of the Plan:
Step 10: Liquidate or annuitize: Click on the Annuitize (for years certain) radio button.
Step 11: Annuitize Text Box: The percentage amount default number is set to 1.0%. If you would like to change the number, highlight the 1.0 and enter in a whole number you would like the percentage to be at.
Step 12: Year: In the Income data table select which year you would like to start the years for the rest of the plan.
Step 13: Start Year for rest of plan: Click on the green button Start Year for Rest of Plan.
Step 14: Clicking: The phrase annuit will move into the Income Column and numeric percentage number will be moved into the Variable column of the Income Data table for the years that were selected.
Step 15: Save: Once done click on the green Save button underneath the Manage Account subheading.
Step 16: Structured Income Planning Page: After clicking save the screen should take you back to the Structured Income Planning page.
Option C: Start Years for X Years:
Step 17: Liquidate or annuitize: Click on the Annuitize (for years certain) radio button.
Step 18: Annuitize Text Box: The percentage amount default number is set to 1.0%. If you would like to change the number, highlight the 1.0 and enter in a whole number you would like the percentage to be at.
Step 19: Year: In the Income data table select which year you would like to start the monetary addition.
Step 20: Start Year for X Years Text Box: Within the text box for Start Year fox X Years, type in the how many years you would like the monetary amount to be distributed.
Step 21: Start Years for X Years: Click on the green button Start Years for X Years.
Step 22: Clicking: The phrase annuit will move into the Income Column and numeric percentage number will be moved into the Variable column of the Income Data table for the years that were selected.
Step 23: Save: Once done click on the green Save button underneath the Manage Account subheading.
Step 24: Structured Income Planning Page: After clicking save the screen should take you back to the Structured Income Planning page.
Step 25: Saving the Structured Income Planning scenario: Click the green Save button underneath the Structured Income Planning subheading.
Step 26: Cancel: If you need to go back to the previous page, click on the green Cancel button underneath the Structured Income Planning subheading.
Step 27: Edit: If you need to make an edit to the structured income plan click on the green edit button underneath the Structured Income Planning heading.
Step 28: Logout: To sign out of SIPS, click on the Sign Out heading that is located in the upper right-hand side of the screen.
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